How to manage your subscriptions and save $600 yearly!

It’s easy to whip out your credit card to pay for your Netflix, Hulu, or GooglePlay subscription for your favorite show or app. It’s even easier to forget that you subscribed to a service – especially if it was just for a free trial.

You might be saying, “It’s just a few dollars. There’s nothing to it.”

But, imagine those few dollars on five different services every month for a year. Let’s say it’s $10 per subscription. That’s $600 in a year! And you’re probably under-using the service or not using it at all.

So how do you manage your subscriptions before they send you to the poor-house? Don’t worry. We’ve got your back. Here are some tips on how to keep track of your subscriptions. Stay with us.

1. Check Your Bank Statements

If you ignored your bank statements before, you should look at them now.

Print out your credit card statement, grab a cup of coffee, and start checking each expense from one line to the next. Next, you write down all your subscriptions and cancel the ones you don’t use anymore.

2. Use One Card for Your Subscriptions

To make everything more manageable and less complicated, you should pay for your subscriptions with one credit card. Multiple cards for different subscriptions can cause you to lose track of your money. If possible, your subscription card should be one that’s different from your main credit card.

If you’re concerned about internet scams and phishing – who isn’t – then the next option is for you.

3. Try Privacy.Com

Privacy.com is a payments product that lets you create a virtual card to pay for your bills and subscriptions. This virtual card is directly connected to your bank. Thus, allowing you to transact online without exposing your actual card details. You can also close your virtual card whenever you want.

Bonus point.

Privacy.com also lets you put a spending limit on your virtual card and notifies you whenever a service charges your card for a subscription, even if it’s an auto-renewal.

You can also create a single-use card that closes automatically after use. Neat, huh?

It’s available on Google Play, the Apple Store, and on the Chrome and Firefox web browsers.

4. Use Reminders

Getting billed for a subscription when you just wanted a free trial really sucks. To avoid this, be sure to create a reminder on your calendar – google calendar – so you can cancel a service if you don’t feel like continuing with it.

5. Track Subscriptions and Price Changes with Apps

Tech to the rescue!

Tired of poring over card statements and continually checking your emails for notifications from services you subscribed to?

Well, you can use apps to track all your subscriptions in one place.

Apps like Truebill and Bobby help you keep an eye on your subscription payments, price hikes and also give you insights on how much you spend on subscriptions. Truebill needs to link to your financial account while Bobby requires you to input your transactions manually.

Even Google Play and the Apple App Store have features that help you manage and cancel your subscriptions at the click of a button.

Here it is, a few tips on how to handle all your subscription matters. There’ll be no more money slipping through the cracks. You’ve got the power now.

If you have any questions, please don’t hesitate to reach out. We’re always here for you.